We are still waiting for the fat lady to sing on whether or not Deutsche Bank shares are totally worthless, but meanwhile, hardly anyone was on the right side of the trade.
That’s not surprising in the least. But what caught my eyes was this tidbit that ZH reported: “Bearish bets rose to 3% of shares outstanding on Sept. 22 from almost a three-month low of 1.7% on Sept. 16, according to data compiled by Markit Ltd.”
Deutsche Bank Shorts
On September 16, 1.7% were short Deutsche Bank. 3% are short now.
Congratulations if you were short this turkey. I wasn’t. But I certainly was not long.
- September 24: Merkel Says No Aid for Deutsche Bank; Depositor Bail-In Coming Up?
- September 20: Is Deutsche Bank Cooking its Derivatives Book to Hide Huge Losses?
- July 1: Diving Into Deutsche Bank’s “Passion to Perform” Balance Sheet
Mike “Mish” Shedlock